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Skillsoft to be Bought by Private Equity Firms |
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Written by Paul Justice
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Friday, 12 February 2010 |
Skillsoft has announced that a consortium of private equity firms is to buy the company for $10.80 a share.
The deal values Skillsoft at $1.1bn, and it has been unanimously approved by SkillSoft's Board of Directors and a committee of independent directors, and the Board intends to recommend to SkillSoft shareholders to vote in favor of the acquisition. The firms behind the deal are Berkshire Partners LLC, Advent International Corporation and Bain Capital Partners. Skillsoft press release
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